Why UnitedHealth Group Stock Soared Today
Shares of UnitedHealth Group (NYSE: UNH) were soaring 12.5% as of 3:52 p.m. EDT on Tuesday. The big gain stemmed from two factors.
First, the health insurer's stock benefited from investors' enthusiasm about a potential $2 trillion stimulus bill that could boost the U.S. economy during the coronavirus crisis. Second, UnitedHealth Group announced that it was opening a special enrollment period for some of its existing commercial customers as well as reducing prior-authorization requirements. These measures are being taken to improve access to care in response to the COVID-19 pandemic.
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Source Fool.com
